Preheat the oven to 350°F. Grease and flour the sides of 2 medium loaf pans measuring 7 by 4 inches (2 ½ inches high). Line the bottom of the pans with baking parchment. Set aside.
In a mixing bowl combine flour and baking soda. Sift 3 times. Set aside.
Using an electric mixer, beat butter, orange and lemon extract and sugar until white. Add eggs one at a time, beating well after each addition. Alternately add dry ingredients and cream to butter mixture, beating well after each addition maintaining medium speed. Start and end with the dry ingredients.
Divide the cake batter equally among the prepared baking pans. Bake for 35-40 minutes or until a cake tester inserted in the center comes out clean.
To prepare soaking syrup, melt the butter in a saucepan over medium heat. Add sugar and water. Boil for 5 minutes. Remove from heat and stir in vodka. Pour over baked cakes and let stand for 30 minutes. Unmold the cakes from their baking pans, wrap in food grade plastic wrap and chill overnight for best results.